Trillion Energy International Inc. provided an operational update to reiterate its production guidance for the SASB natural gas field located in the southwestern Black Sea offshore Turkiye.
On September 25, 2023, Trillion announced its SASB production guidance for the completion of five new wells and one recompletion completed for the work program ending August 2023. Trillion is pushing the program three months forward, due to receiving pumps,some of which require remanufacture of well heads to install. Well heads have been ordered and first deliveries are expected in February 2024.
To address the water loading issue, the company enlisted engineering firm GLJ in November 2023. The ensuing comprehensive report highlighting actionable items for the execution of artificial lift and was delivered in December 2023. The company is now ordering pumps, wellheads, new well tubing and the like.
Thus, Trillion’s issued production guidance remains steadfast at 7.547 MMcfgd before royalties for the initial six wells in 2024, with the program execution occurring over the course of the next few months, starting with the four Akcakoca platform wells in Q1 and then the two tripod wells in early Q2.
Trillion anticipates fitting two or three additional legacy wells with pumps by Q2 for a total of eight + producing wells. Two of the added wells were initially part of the sidetrack program, however, to save cost, are now slated as recompletions instead of new sidetrack drilling. Production from these wells is in addition to the six wells and is not included in the above production estimates.
During the initial drilling program, the initial short term flow test rates for the six wells in question were, 100% interest before royalties: South Akcakoca-2: 7-8.2MMcfd; Akcakoca-3 7MMcfd; Alapli-2: 11.9MMcfd; West Akcakoca-1: 5.9MMcfd; Bayhanli-2: 11.9MMcfd and Guluc-2: 16.35MMcfd.
Perforation program updates. In October 2023, Trillion successfully reperforated Guluc-2 and West Akcakoca-1 wells. Akcakoca-3’s perforation was deferred due to a snag causing a tool string challenge.
The snag issue is now resolved, allowing for perforation of the remaining 6 meters of gas pay. In addition, 10.4 m of gas pay will be perforated in South Akcakoca-2. Trillion exects that the perforations will increase production significantly in the wells and that both will receive either velocity string tubing (an alternative to pumps) and or pumps upon arrival of the required parts.
Artificial lift program activities and timeline. The 2022-2023 SASB development drilling program succeeded in 6 out of 6 wells, resulting in large volumes of gas reserves being tied into the pipeline for production. The artificial lift solutions being deployed are expected to monetize the reserves for sale.
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Turkiye, with natural gas assets in Turkiye. The company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The company has a 50% interest in 3 oil exploration blocks in S.E. Turkiye.
Source: Trillion Energy